Brookfield Infrastructure Partners LP (NYSE:BIP) Receives Average Rating of “Moderate Buy” from Analysts

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $41.25.

Several equities analysts have commented on the company. National Bankshares increased their target price on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Morgan Stanley set a $44.00 price objective on Brookfield Infrastructure Partners in a research note on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield Infrastructure Partners in a report on Monday, December 15th. Wall Street Zen upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, National Bank Financial raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP opened at $35.13 on Friday. The firm’s fifty day moving average price is $35.01 and its two-hundred day moving average price is $33.14. The stock has a market cap of $16.20 billion, a PE ratio of 52.43 and a beta of 1.09. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.81 and a current ratio of 0.85. Brookfield Infrastructure Partners has a fifty-two week low of $25.72 and a fifty-two week high of $36.58.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.42). Brookfield Infrastructure Partners had a net margin of 3.70% and a return on equity of 2.74%. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. On average, equities analysts expect that Brookfield Infrastructure Partners will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, November 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.9%. Brookfield Infrastructure Partners’s payout ratio is currently 256.72%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Picton Mahoney Asset Management acquired a new stake in shares of Brookfield Infrastructure Partners during the 2nd quarter worth approximately $46,203,000. Addenda Capital Inc. lifted its position in shares of Brookfield Infrastructure Partners by 13.5% during the 2nd quarter. Addenda Capital Inc. now owns 704,591 shares of the utilities provider’s stock valued at $23,604,000 after acquiring an additional 83,770 shares during the period. Dixon Mitchell Investment Counsel Inc. boosted its stake in Brookfield Infrastructure Partners by 46.7% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 2,503,764 shares of the utilities provider’s stock worth $83,739,000 after acquiring an additional 797,429 shares in the last quarter. Value Partners Investments Inc. boosted its stake in Brookfield Infrastructure Partners by 99.5% during the second quarter. Value Partners Investments Inc. now owns 47,294 shares of the utilities provider’s stock worth $1,581,000 after acquiring an additional 23,582 shares in the last quarter. Finally, Aviso Financial Inc. grew its holdings in Brookfield Infrastructure Partners by 30.2% in the second quarter. Aviso Financial Inc. now owns 383,100 shares of the utilities provider’s stock worth $12,832,000 after purchasing an additional 88,948 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.